• Yugraj Singh Mahil Chartered Accountants Limited
  • Business Tax Return Questionnaire
    Business Questionnaire – complete for Companies, Trusts, Partnerships and Sole Traders

  • To prepare your Financial Statements & Income Tax Return for the financial year ending on the date you enter below, please provide the following information.

  • What is the entity type?*
  • Financial Year Ending*
     - -
    2 digit day, 2 digit month, 4 digit year

  • Accounting Software & GST

  • Does Yugraj Singh Mahil Chartered Accountants Limited currently have access to your accounting software?
  • Are all sales invoices and supplier bills for the financial year entered in your accounting software?
  • At the end of the financial year, were there any customers who still owed money to the business?
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  • At the end of the financial year, were there any supplier bills or business expenses still owing?
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  • Did Yugraj Singh Mahil Chartered Accountants Limited prepare all GST returns for this financial year?
  • Were any GST returns for the financial year prepared or filed by you or anyone other than Yugraj Singh Mahil Chartered Accountants Limited?
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  • SECTION A — Documents & Records

  • Did the business have any unusual or significant transactions during the financial year that have not already been provided to us or recorded in the accounting records?
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  • Did the business make any insurance claim or receive any insurance payout during the financial year?
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  • Did the business buy or sell any land, buildings, other property, or a business during the financial year?
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  • Did the business receive any interest or dividends during the financial year?
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  • Did the business have any loans, hire purchase agreements, finance arrangements or leases during the financial year?
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  • Did the business provide any non-cash benefits to employees or shareholder-employees during the financial year, such as a motor vehicle available for private use, a low-interest loan, or free or subsidised goods or services?
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  • SECTION B — Financial Position at Year End

    Item / What to Provide
  • At the end of the financial year, did the business have any cash on hand that was not held in a bank account?
  • At the end of the financial year, did the business have any stock on hand?
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  • Did the business receive any other income, funds or receipts during the financial year that may not already be recorded in the accounting records?

  • SECTION C — Assets Bought & Sold

  • Please provide details of any business assets purchased for more than $1,000, and any business assets sold or otherwise disposed of during the financial year. Include the date, description, purchase price or sale proceeds. If an asset was financed, please provide the finance agreement.

  • Asset Details
    Rows
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  • SECTION D — Motor Vehicles

    Please advise the business use percentage for any business motor vehicles.

  • Sole traders and partnerships: to claim more than 25% business use of a vehicle, a detailed logbook must be kept for a 3-month test period, and it remains valid for up to 3 years. Without a logbook, the business-use claim is limited to a maximum of 25% of vehicle expenses.

    Companies: vehicles owned by the company and available for private use by shareholders or employees may be subject to Fringe Benefit Tax (FBT) instead.

  • Motor Vehicle Details
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  • SECTION E — Business Information

    Please answer each question. Tick Yes or No and provide details where applicable.
  • Did you personally pay any business expenses from your own funds, personal bank account or personal credit card that are not already recorded in the accounting records?
  • Did the business receive any income in cash or into a personal bank account that may not already be recorded in the accounting records?
  • Were any business stock, goods or assets taken for private use during the financial year?
  • Did the use of any asset change between business use and private use during the financial year?
  • Did the business have any transactions with related parties during the financial year, such as shareholders, directors, trustees, beneficiaries, family members or related entities?

  • Sole Trader: Private Use & Expenses

  • Did you use a personally owned motor vehicle for business purposes during the financial year?
  • Have you completed a vehicle logbook within the last 3 years?
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  • Did the business pay any personal or private expenses from the business bank account or business credit card that may not already be identified in the accounting records?

  • Company: Shareholders & Dividends

  • Were any dividends declared, paid or credited to shareholders during the financial year that may not already be recorded in the accounting records?
  • Dividend Details → Please provide the date, amount and shareholder name.
    Rows
  • Were there any transactions between the company and its shareholders or directors that did not pass through the company bank account and may not already be recorded in the accounting records?
  • Shareholder / Director Transaction Details → Please provide details of the transaction and amount.
    Rows

  • Trust: Beneficiaries & Distributions

  • Were any amounts, assets or other benefits distributed or allocated to beneficiaries during the financial year that may not already be recorded in the accounting records?
  • Please provide the beneficiary name, amount or value, and a brief description of the distribution.
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  • Did any person obtain or cease to hold a power to appoint or remove trustees or beneficiaries, or amend the trust deed, during the financial year?
  • Please provide the person's name and the date the power started or ended.
    Rows
  • Did the country of tax residence of any settlor, beneficiary receiving a distribution, or person holding a power of appointment change during the financial year?
  • Please provide the person's name and new country of tax residence.
    Rows

  • Partnership: Partners & Changes

  • Were there any changes in the partners during the financial year?
  • Please provide the name of the partner who joined or left and the effective date.
    Rows
  • Did the agreed profit or loss sharing percentage between the partners change during the financial year?
  • Please provide each partner’s new profit or loss sharing percentage and the effective date of the change.
    Rows
  • Was the partnership agreement created, amended or replaced during the financial year?
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  • Signatory Date*
     - -
    2 digit day, 2 digit month, 4 digit year
  • Should be Empty: